Rate moves, regulatory filings, annual reports, & quiet quarterly notes. The same disclosures that go to the Central Bank, the NDIC, & the Mortgage Bankers Association — published here, dated & timestamped.
AG Mortgage Bank Plc and Cutstruct Technologies Limited have launched a delivery-based funding architecture that separates material procurement from operational cash flow — the bank finances bulk building materials through Cutstruct while operational funds disburse separately. The model aims to minimise fund diversion and accelerate project completion across Nigeria's housing pipeline.
Read on Punch↗AG Mortgage Bank Plc is raising ₦10 billion in debt/equity funding to expand operations and deliver efficient, eco-friendly mortgage solutions. The bank projects a 25% return on investment over the next year of capital injection, underpinned by its 2025–2030 strategic plan targeting 20% YoY growth on loans and 35% on gross earnings to ₦14.5bn by December 2028.
Read on BusinessDay↗The National Pension Commission issued a directive halting acceptance and processing of equity contribution applications submitted by seven Primary Mortgage Banks, AGMB among them, citing alleged non-compliance with its housing loan guidelines. The notice instructs Pension Fund Administrators to suspend further processing until affected institutions resolve outstanding compliance items raised by the Commission.
Read on Nairametrics↗Recognising the transformative potential of the Mortgage-Backed Refinance Investment Facility (M-REIF), AGMB engaged the framework from its inception — partnering with the Nigeria Mortgage Refinance Company and capital markets institutions to channel long-term funding into affordable housing for low- and middle-income Nigerians.
Read on BusinessDay↗AGMB unveiled plans to raise ₦10 billion in fresh capital as it marked its 20th anniversary, framing the raise as a strategic lever to scale operations, strengthen its balance sheet and support Nigeria's housing finance sector. The bank reported gross earnings up 7% year-on-year to ₦3.47 billion, with total assets at ₦22.36 billion and shareholders' funds up 8% to ₦6.1 billion.
Read on BusinessDay↗AGMB has opened an accessible pathway to home ownership for Diaspora Nigerians, with the Diaspora Home Ownership Scheme allowing lower- and middle-income families to own affordable, liveable homes in their preferred Nigerian cities regardless of country of residence. MD Ngozi Anyogu framed the 17m-strong diaspora as a culturally motivated, long-term investor base that has been structurally underserved by Nigerian real estate finance.
Read on BusinessDay↗AGMB has set ambitious goals to increase shareholder value with a 20% return-on-equity, anchored in its 2025–2030 strategic plan. The bank is targeting growth across loans, customer deposits and gross earnings while diversifying revenue streams — positioning itself as a leading housing finance group serving low- to middle-income Nigerians.
Read on BusinessDay↗AGMB has activated Project Momentum 2025–2030 — a five-year transformational plan built on the "High 5s": organisational transformation, sustainable capital base, growth, impact, and shareholder value. Targets include one million mortgages, 20% return-on-equity, and a diversified group structure spanning mortgage finance, housing microfinance, development, insurance, brokerage and rental services.
Read on BusinessDay↗With an audacious goal to create 300,000 mortgages within six years and scale to serve one million customers, AGMB's partnership with Invest Africa marks a pivotal step. The alliance — unveiled around the bank's 20th anniversary alongside Invest Africa CEO Chantele Carrington — promises to extend Nigeria's mortgage architecture across the continent and underwrite a new generation of affordable housing finance.
Read on BusinessDay↗Nigeria's first credit rating agency upgraded AGMB on the back of strengthened operational risk-management structures, enhanced board composition and an improved funding profile. The rating cites the bank's low leverage, satisfactory funding profile and experienced management team — positioning AGMB among the largest primary mortgage banks operating under a national CBN licence.
Read rating release↗AGMB's full-year 2023 profit-after-tax climbed 92% to ₦428.86 million from ₦223.54 million in 2022, with gross earnings up ~60% to ₦3.24 billion. Pre-tax profit rose 85% YoY to ₦702.87 million; total assets grew 22% to ₦22.1 billion and shareholders' funds rose 8% to ₦5.64 billion — underwritten by stronger NHF disbursement volumes and improving regulatory reserves.
Read on BusinessDay↗AGMB convened a focus-group session with stakeholders from banking, insurance, fund management and FITC to re-examine a suite of new mortgage and real-estate financing products before market launch. MD Ngozi Anyogu framed the programme as a way to gather candid feedback on product acceptability, broaden perspectives beyond the conventional banking lens, and ensure the new offerings are market-aligned.
Read on BusinessDay↗Audited accounts, board statements, and risk disclosures. Filed each April with the Central Bank of Nigeria, the NDIC, and the Securities and Exchange Commission — and published here, ungated, on the same day.
No marketing emails. Just the same disclosures you'd find on the NSE listings page, two weeks earlier.
